Government May Buy City Market Building

Two months after Minister of Labour and National Insurance Shane Gibson confirmed that the National Insurance Board (NIB) was considering purchasing the old City Market headquarters, he revealed that the government is now looking to buy the building to be used by one of its ministries.

But he did not reveal which ministry would use the building, which is now owned by the Bahamas Supermarkets Ltd. Pension Fund.

On the floor of the House of Assembly in January, Gibson said NIB was considering buying the building on the East West Highway to use as a warehouse for the Department of Customs.

“We were still waiting on the comptroller to make a decision as to whether or not they are going to use that warehouse space,” said Gibson before heading into a Cabinet meeting yesterday.

“I think the difficulty may be though, that now that they have all that warehouse space off Gladstone Road for the new port, I am not sure it would be necessary.

“That is my position, but of course I am still waiting on the comptroller to give his position because the building that was initially slated to have the customs bonded warehouse on John F. Kennedy [Drive]  we’re now looking at the possibility of that being used for some other purpose.”